MPR Authored

Despite FinTech Disruptions, Many Thing Stay The Same

January 5, 2015
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2014 was an unbelievable year! I kicked off last year by opening an account with Lending Club so that I could understand their product. Today I have tens of thousands of dollars invested on their platform and picking up new loans has become part of my daily routine. You could say I’m not surprised they […]

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Getting in on the ONDK and LC IPO

December 4, 2014
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ondk cover

According to Investopedia, “Getting a piece of a hot IPO is very difficult, if not impossible.” The Motley fool says: If the bankers think a stock will soar, they earmark much of the shares for their favorite institutional clients (ones that bring in the most in commissions). In a sense, brokerages use lucrative IPOs to […]

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Lending Club’s Site Went Down

December 3, 2014
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A week away from IPO day, Lending Club is undergoing a supposed unannounced mid-day prolonged “upgrade”. There is no word about it on their twitter account. As many probably know, this down time coincides with one of the day’s four normal feeding times when fresh loans are loaded onto the platform in bulk. Are they […]

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Merchant Cash Advance Now In-Depth

December 1, 2014
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For quite possibly the first time ever, Google has blessed merchant cash advance with its own array of In-depth articles. What are In-depth articles? Why, they’re featured stories at the bottom of the normal search results. The In-depth feature launched in 2013 and has only worked for certain keywords. Today it appeared for the very […]

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Merchant Processing Resource is Now deBanked

December 1, 2014
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Back in July 2010, I launched www.merchantprocessingresource.com as an independent resource for merchant processing and merchant cash advance. At that time I was celebrating my 4th anniversary of working in the merchant cash advance business and realized there was little to no information about the industry online. For the last 4 and a half years, […]

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Income Correlates With Loan Performance

November 24, 2014
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Income and Loan Performance

Now that I’ve bought into nearly 1,800 personal loans on Lending Club, I think I’ve got a good enough sample to start running analyses. The data isn’t perfect especially since none of the loans have reached maturity yet. Most are still between two and four and a half years away from completion. But strangely, 70 […]

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The Funding Calls That Won’t Stop

November 23, 2014
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call center

“Your business has been approved for a loan…” Last week, Chicago Public Radio (WBEZ 95.1 FM) investigated a trend in the small business community, the use of merchant cash advance financing. The station called me in advance to answer some questions about merchant cash advances and I gave my best explanation of the industry and […]

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Ready to Trade ONDK and LC?

November 16, 2014
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800 credit deal

On November 10th, OnDeck Capital finally made their S-1 public. Immediate reactions from inside the industry were mixed. The bears criticized the years of losses while the bulls pointed out that the tide is turning. With a profitable 3rd quarter, OnDeck’s bet on the long game might finally be proving itself. And without delving into […]

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Kabbage TV Commercial

November 1, 2014
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puddles

Another company has joined the TV commercial party and this one’s a little different. Atlanta-based Kabbage has chosen Puddles the Clown as their spokesman. What do you think? Not loading? See it here Below are some of their competitor’s commercials:

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Keeping Lending Club (and others) Honest

October 19, 2014
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Is Lending Club staying honest?

Now that institutional money is flowing into the alternative lending industry, some retail investors are starting to express concern that the rules are changing. Lending Club for example is no longer considered a peer-to-peer lending platform, but rather an online credit marketplace. Investors don’t exactly make loans to individuals in that marketplace, but that’s sort […]

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